Finar

REPORTING / TSRS

TSRS reporting is mandatory. Are you ready?

We turn climate and sustainability risks into assurance-ready reporting, clearly connected to their financial effects.

Explore the case studies↗

Governance · Strategy · Risk · Metrics

Beyond compliance.
Financial effects made clear.

The Turkish Sustainability Reporting Standards (TSRS), issued by Türkiye’s Public Oversight Authority (KGK), are aligned with IFRS S1 and IFRS S2. Reporting obligations depend on the type of entity, the relevant reporting period, and the scope, thresholds and exemptions in force. Your company’s position should be assessed against the latest KGK requirements.

Finar supports you throughout the TSRS reporting process. Our work goes beyond producing the report: we help you assess risks and opportunities, establish appropriate governance, identify the metrics to measure and set relevant targets.

↗Review the TSRS reporting scope with KGK

Scope and thresholds may change between reporting periods. This link takes you to KGK’s current requirements.

01 / WHAT WE DO

From the initial assessment
to publication.

01

TSRS readiness assessment

We assess your existing sustainability data systems against TSRS requirements.

02

Governance

We help establish board-level sustainability oversight and the policies and documentation that support it.

03

Risk and opportunity assessment

We identify sustainability- and climate-related risks and opportunities, and assess their effects on your business model, decision-making and value chain.

04

Quantifying financial effects

We model the effects of identified risks and opportunities on the financial statements and express them in concrete financial terms.

05

Scenario analysis

We assess climate resilience using international scenario frameworks, including NGFS and RCP.

06

Metrics and targets

We identify metrics for risks and opportunities and develop realistic, scalable targets.

07

Data collection

We identify missing data points and establish the processes needed to collect them.

08

Emissions reporting

We calculate Scope 1 and 2 emissions and, where appropriate, Scope 3 emissions, and report any internal carbon pricing.

09

End-to-end report production

We develop the complete TSRS report, from initial content to an assurance-ready publication.

TSRS 1 · TSRS 2

Four core components.
One coherent reporting structure.

01

Governance

Oversight, responsibilities and decision-making for sustainability and climate matters.

02

Strategy

The effects of risks and opportunities on the business model, value chain and financial performance.

03

Risk Management

Identification and assessment of risks, integrated into the organisation’s management processes.

04

Metrics and Targets

Indicators used to monitor performance, progress and climate-related targets.

02 / THE TSRS REPORTING PROCESS

With you
at every stage.

90–120days to delivery

We agree the timetable with you, taking data readiness and the reporting scope into account.

  1. 01

    Weeks 1–3

    Requirements and benchmarking

    Identify TSRS requirements and conduct sector benchmarking.

  2. 02

    Weeks 4–8

    Risks, opportunities and scenarios

    Assess risks and opportunities and define the scenarios.

  3. 03

    Weeks 9–12

    Data and content

    Collect data and develop the report’s content.

  4. 04

    Weeks 13–16

    Assurance feedback and publication

    Address assurance provider comments, develop the design and prepare for publication.

03 / FREQUENTLY ASKED QUESTIONS

Clear answers
to your questions.

Can the process really be completed in three to four months?

For a standard sustainability report, yes. The timetable depends significantly on data readiness on the client’s side. We begin with a short readiness review and plan the engagement accordingly.

When does your team become involved?

From the outset, and throughout the engagement. We hold weekly working sessions during risk and opportunity assessment, scenario analysis, metric definition and content development. Our involvement continues beyond handing over a file.

Do you provide a complete, end-to-end report?

Yes. Your responses to our questions provide the input we need to produce a TSRS Compliant report. We guide you throughout the engagement.

Do you support us during assurance?

Yes. We attend assurance meetings, work with you to answer the assurance provider’s questions and support each stage of the process.

Can I commission design services only?

Yes. However, our experience shows that dividing content and design between separate teams can affect consistency and quality. An integrated approach is much more effective.

04 / CASE STUDIES

Different sectors.
Practical TSRS reporting experience.

Our work connects climate risks, strategy and financial effects with industry-specific disclosures.

BANKING2024

Ziraat Bankası

The first TSRS report for Türkiye’s largest bank

TSRSLimited assuranceClimate scenarios
COMMERCIAL REFRIGERATION2024

Klimasan

The first TSRS report for a leading Turkish commercial refrigeration manufacturer

TSRS 2Scenario analysisSBTi
BUILDING MATERIALS2024

Qua Granite

The first TSRS report for a leading Turkish technical granite exporter

TSRS 2Industry-specific disclosuresCarbon pricing
IRON AND STEEL2024

BMS Çelik

The first TSRS report for Türkiye’s first steel mesh producer

TSRS 2CBAMValue chain
HEAVY LIFT AND PROJECT TRANSPORT2024

Hareket

The first TSRS report for a leading Turkish heavy lift and project transport engineering company

TSRS 2Fleet transitionFinancial effects
CABLES AND ELECTRICAL EQUIPMENT2024

Türk Prysmian Kablo

The first TSRS report for the Turkish operations of global cable leader Prysmian

TSRS 2Climate risksGrowth opportunities

YOUR NEXT TSRS REPORT

Let’s build your
TSRS reporting approach.

Let’s discuss your needs, reporting scope and timetable in an introductory conversation.

GET IN TOUCH

Let’s create value together.

Send us your enquiry. We will review your needs and get back to you as soon as possible.

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